Kirby Co. (NYSE:KEX) Stock Holdings Boosted by Pullen Investment Management LLC

Pullen Investment Management LLC lifted its position in Kirby Co. (NYSE:KEX - Free Report) by 23.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,289 shares of the shipping company's stock after acquiring an additional 5,995 shares during the quarter. Kirby makes up about 2.2% of Pullen Investment Management LLC's holdings, making the stock its 8th biggest holding. Pullen Investment Management LLC owned 0.05% of Kirby worth $3,310,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Empowered Funds LLC purchased a new stake in Kirby in the 4th quarter worth approximately $25,000. Colonial Trust Co SC grew its stake in Kirby by 295.3% in the 4th quarter. Colonial Trust Co SC now owns 253 shares of the shipping company's stock valued at $27,000 after buying an additional 189 shares during the last quarter. LGT Financial Advisors LLC acquired a new stake in Kirby in the 4th quarter worth $63,000. R Squared Ltd acquired a new stake in Kirby in the 4th quarter worth $76,000. Finally, Neo Ivy Capital Management acquired a new stake in Kirby in the 4th quarter worth $111,000. Hedge funds and other institutional investors own 96.15% of the company's stock.

Kirby Stock Performance

NYSE:KEX traded down $0.18 during mid-day trading on Wednesday, reaching $110.71. 873,165 shares of the company's stock were exchanged, compared to its average volume of 543,449. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. Kirby Co. has a one year low of $83.94 and a one year high of $132.21. The firm has a market capitalization of $6.21 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. The business's fifty day simple moving average is $100.63 and its two-hundred day simple moving average is $107.02.

Kirby (NYSE:KEX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The shipping company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.06. The firm had revenue of $785.66 million for the quarter, compared to the consensus estimate of $824.12 million. Kirby had a net margin of 8.78% and a return on equity of 9.71%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 EPS. Analysts anticipate that Kirby Co. will post 6.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on KEX shares. Stifel Nicolaus reduced their price objective on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a report on Friday, January 31st. Bank of America boosted their price objective on shares of Kirby from $116.00 to $125.00 and gave the company a "buy" rating in a report on Friday, May 16th.

Kirby Profile

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.